Tuesday, 22 December 2020

USD Price Outlook: US Dollar Rebound Attempt in Focus

The US Dollar advanced broadly on Tuesday in an apparent second-go at a rebound attempt that fizzled out during the prior trading session. Is USD price action gearing up for a bullish reversal or w...

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Euro Forecast: Breakouts Constrained, Further Gains May Have to Wait for EUR/JPY, EUR/USD Rates

EUR/USD has fallen back into its bull flag, while EUR/JPY never left its flag in the first place.

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Gold Price Forecast: XAU/USD Readying for Break into 2021

Gold prices have been strong so far for December - but can bulls continue to push into the New Year, or is another bearish wave awaiting?

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US Dollar Probes Session Highs in Wake of Consumer Confidence Data

The US Dollar is extending higher on the back of disappointing consumer confidence data just crossing the wires as markets grapple with a risk-off tone amid a resurgence of Covid-19 concerns.

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Rand Dollar Forecast: USD/ZAR Selling Pressure Perseveres, For Now

Stimulus talks weigh on Dollar, fueling selling pressure

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Japanese Yen Outlook: USD/JPY, CAD/JPY Price Action Set-Up

USD/JPY to maintain tight range into year end, CAD/JPY eyes support amid breakdown.

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Euro Latest: EUR/USD, EUR/GBP, EUR/JPY Levels to Watch

The euro corrects slightly on the back of a risk-off move bure remains resilient against other major currencies

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British Pound (GBP) Latest - Talk of Brexit Compromise Boosts Sterling

According to a range of reports, the UK has offered the EU a compromise on fisheries in an effort to break the current Brexit deadlock.

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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S&P 500 Index May Extend Slide Lower Despite Senate Passing Aid Bill

The S&P 500 index may continue to slide lower in the short term, despite Congress passing a much-needed fiscal aid package, as Covid-19 fears gnaw at market sentiment.

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Monday, 21 December 2020

Crude Oil Rally May Lose Steam on Virus Threat, Softer Physical Demand

Crude oil prices receded from 10-month highs as a new coronavirus strain found in the UK threatened further lockdown measures. Backwardation spreads narrowed as demand from Asian refiners fell.

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Natural Gas Breaks Above Chart Resistance on Colder US Outlook

Natural gas prices moved higher this week on a bullish below-average temperature outlook from the NWS. Recently broken chart esistance may offer support to the downside in the weeks ahead

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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Australian Dollar Forecast: AUD/USD on Backfoot Despite Stellar Retail Sales

The Australian Dollar is showing short term signs of exhaustion with AUD/USD failing to react to positive AU retail sales. Meanwhile, risk-off flows from the New York session may likely spill over ...

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Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall

Dow Jones pared deep intraday losses and closed marginally higher as banking stocks cheered a Fed move to resume stock buybacks. The ASX 200 and Hang Seng look set to open in cautious mode amid low...

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Bitcoin (BTC) Price Outlook: Short-Term Pullback in the Making?

Bitcoin could be at risk of a short-term pullback as the popular cryptocurrency’s surge to fresh yearly highs appears to be running out of steam. Key technical levels to watch for the weeks ahead.

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USD Price Outlook: US Dollar Flops as Stimulus Deal Fuels Bears

US Dollar strength evaporated throughout Monday's trading session as USD price action erased gains across the board with Congress set to vote on a stimulus deal and an improvement in Brexit rhetoric.

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Brexit Latest: UK Deal Concession Sparks Rally in GBP/JPY, GBP/USD Rates

GBP/JPY and GBP/USD have reversed their daily losses – which exceeded -1% at times – and are now positive on the day.

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Canadian Dollar Price Forecast: USD/CAD Finds Resistance at Key Zone

A fast start to the week as a quick dose of risk aversion showed up. Is this but a blip or a sign of trends to come?

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Gold (XAUUSD) Price Slumps - Markets Rattled by Sharp Risk-Off Move

The precious metal slumped $40/oz. in 30 minutes, before recovering some of its losses, as risk markets and thin trading conditions boost volatility.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...